Your questions answered

Although you haven’t covered the stock, I noticed Australian Resources, a medium sized gold mining company, entered voluntary administration after which a receiver was appointed. As a holder of the stock what should I do now?

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You have to wait for the major shareholders to decide how to rescue the situation, if indeed it's possible. In this particular case the recent half-year report, while indicating that short-term cashflow was stretched, gave no indication of the company being in dire straits. In fact the Directors indicated that subsequent to the balance date there was no material changes to the company's position that would be price sensitive. This is bewildering (but not unusual) and while it's too early to say what will happen, it would be reasonable to expect all current directors to resign forthwith. We'll...

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